Download appendix d - London Councils

WLA Transport Efficiency Project
APPENDIX C
RISK REGISTER
1
WLA Transport Efficiency Project
The Risk Register is based on the following scoring and impact methodology.
Number
Impact
1
Catastrophic
2
Critical
3
Marginal
4
Negligible
Criteria
Project will fail to deliver
There will be a serious impact on project
delivery
There will be some impact on the project
delivery
There will be no impact on project delivery
Impact: Impact is the effect the risk will have on the project delivering within time,
cost and to the required quality, using a 1 to 4 scale.
Letter
Likelihood
A
Very High
B
High
C
Significant
D
Low
E
Very low
F
Almost Impossible
Criteria
80% + likelihood
(almost certainly will occur)
51% to 80% likelihood
(more likely to occur than not)
25% to 50% likelihood
(fairly likely to occur)
10% to 24% likelihood
(low but not impossible)
3% to 9% likelihood
(extremely unlikely)
0 to 2% likelihood
Likelihood: Likelihood is the probability that the risk might occur, using a simple A to F
scale.
Risk Rating
A
LIKELIHOOD
Very Hi gh
B
Hi gh
C
Si gni fi ca nt
D
Low
E
Very l ow
F
Al mos t
i mpos s i bl e
Hi gh Ri s k (Red)
Medi um Ri s k
(Amber)
Low Ri s k (Green)
A4
A3
A2
A1
B4
B3
B2
B1
C4
C3
C2
C1
D4
D3
D2
D1
E4
E3
E2
E1
F4
F3
F2
F1
4
3
2
1
Negl i gi bl e
Ma rgi na l
Cri ti ca l
Ca ta s trophi c
IMPACT
RAG Status: The RAG status is based on the above matrix.
2
WLA Transport Efficiency Project
Ref
1
2
3
4
Description
Stakeholder approval.
Timescale to obtain
approval ‘in principle’
from stakeholders
WLA Member
Participation.
Members who
participated in Business
Case phase and whose
activity is included within
the FIP do not gain
approval to move to next
stage.
Capacity.
Not the capacity to host
the Bureau amongst
members
Common eligibility policy.
Difficulties in deriving a
common policy across
sub-region
Raised
On
Raised
By
Impact
(1 - 4)
2
2
3
4
Probability
(A - F)
RAG
Status
Preventative/
Mitigating Actions
C
Groups of
boroughs could go
ahead
independently
D
Engage with
stakeholders
throughout the
development of
the Business Case
D
Work closely with
stakeholders, IT,
facilities and
software suppliers
to ensure cost
effective solution
C
Set a core subregional objective
to deliver a
common
approach in
meantime
operate within
existing eligibility
constraints
3
Update to
actions
Updated
By
Updated
Date
Owner
Due
Date
Status
WLA Transport Efficiency Project
5
Common policy on
provision.
Difficulties in deriving a
common policy on
provision across subregion
2
C
6
Service quality standards.
Maintaining common or
improved service quality
standards in the face of
further financial pressures
2
D
7
8
Resources.
Resources identified to
support the project are
unable to release
necessary time to support
implementation
Personalisation agenda.
As yet unknown impact on
the future volume and
passenger trip cost in
commissioning transport
operations
2
4
Define the
Bureau’s
approach as
critical to
achieving
efficiencies i.e.
time spent on
vehicle
Define
appropriate
standards for all
new Bureau
commissioned
contracts within
cost parameters
Ensure resource
requirements are
accurately defined
at Business Case
stage
C
The Bureau will
provide flexibility
in order to
mitigate this risk
C
4